Mortgage & Home Equity Rates

Mortgage Rates

Conventional	Rate	APR	Points
Mortgage Rates
30 Year Fixed Rate	6.125%	6.162%	0.000%
15 Year Fixed Rate	5.625%	5.686%	0.000%
5/1 Non-Conforming ARM Primary Residence	5.750%	6.758%	0.000%
DPA	Rate	APR	Points
30 Year Fixed HOME Down Payment Assistance	6.375%	6.392%	0.000%

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Home Equity Rates

Table data for Home Equity Line of Credit
03-30-2023
Annual Percentage Rate ¹	Index ²	Margin	Loan to Value ³	Alert Me
7.25%	7.75%	- 0.50	up to 80%	Receive a notification when this rate changes

8.75%	7.75%	+1.00	80.01% - 90%	Receive a notification when this rate changes

*APR: Annual Percentage Rate. Generally, fees paid by NEFCU. If appraisal required, member-paid fees may range from $350 to $600. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed.

Table data for Home Equity Plus
03-30-2023
Annual Percentage Rate ⁴	Term	Monthly Payment per $1000 ⁵	Loan to Value ³
5.75% ⁶	5 years	$19.22	up to 80%

6.75% ⁶	10 years	$11.48	up to 80%

7.25% ⁶	15 years	$9.13	up to 80%

Generally, fees paid by NEFCU. If appraisal required, member-paid fees may range from $350 to $600. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed.

Table data for Home Equity Plus CLTV 80.01% to 90%
03-30-2023
Annual Percentage Rate ⁴	Term	Monthly Payment per $1000 ⁵	Loan to Value ³
6.75% ⁶	5 years	$19.68	up to 85%

7.75% ⁶	10 years	$12.00	up to 85%

8.25% ⁶	15 years	$9.70	up to 85%

Generally, fees paid by NEFCU. If appraisal required, member-paid fees may range from $350 to $600. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed. CLTV is Combined Loan-to-Value ratio.

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Disclosures

¹ All rates quoted are subject to change monthly, the maximum interest rate is 18% and the minimum interest rate is 4.50%. The rate may increase after the consummation of the loan. These are our posted rates; your rate could vary according to your credit.

² The Index is the Prime Rate published in the Wall Street Journal on the last Wednesday of each month.

³ Maximum allowable loan to values may vary based on current market conditions. Up to 80% LTV based on a current appraisal. Up to 75% LTV based on a current Tax Assessed Value. Call a loan officer for further details.

⁴ These are our posted rates; your rate could vary according to your credit.

⁵ The payment amount may be higher if escrows for property taxes, homeowner's insurance or mortgage insurance are applicable.

⁶ Fixed Rate

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